Co-onwership: are you ready for it?

Have you ever found yourself sharing a pizza with friends, and dividing the total amount between all? ??

That simple concept of splitting costs can also apply to owning luxurious properties through co-ownership.

Firt things first, co-ownership is a way to divide the expenses of a valuable asset, such as a home, a yatch or a private jet, among multiple owners while owning part of the asset. Similar to the pizza analogy, you only pay for the portion you intend to utilize—be it the miles flown in a jet or the weeks spent in a Villa.

Pros of Fractional Ownership

1. Expanded Ownership Opportunities: Fractional ownership opens doors to owning a fraction of one or more properties, and access vacation homes in prime locations that might otherwise be financially out of reach or being a full owner of the property and not using it at all. By sharing costs with other owners, you can relish the amenities of an upscale property without breaking the bank.
2. Deeded Ownership: Unlike traditional timeshares, co-ownership provides you with a deed to a portion of the property itself, known as a fractional interest. Consequently, the value of your share fluctuates with the property's real estate value. Any increase in value is divided equally among all fractional owners, effectively increasing your equity! At VIVLA, we only buy homes with historical revaluation.
3. Usage Rights: With co-ownership you hold actual property ownership, granting you the right to use the vacation home in accordance with your share. For instance, if you own a one-eight share, you have the privilege to utilize the property for 6 weeks, 42 nights. You can relish the home to the fullest extent outlined in your co-ownership agreement.
4. Shared Upkeep and Maintenance Costs: As a co-owner, you only bear a fraction of the property's upkeep and maintenance expenses. This includes taxes, HOA fees, repairs, landscaping, utilities, property management fees, and other costs associated with shared ownership.
5. Lower Upkeep and Maintenance Burden: Most fractional ownership agreements include provisions for long-term property management, with owners collectively deciding how to handle any arising issues.
6. Potential Rental Income: Co-owned properties can be rented depending on the ownership agreement. In some cases, all owners share in the proceeds generated by rental income covering manteinance costs.

While co-wnership has its advantages and disadvantages, VIVLA offers a remarkable alternative to traditional multiproperty model.

VIVLA presents a professionally managed LLC co-ownership model, combining the benefits and cost-effectiveness of co-ownership with distinct features.

In contrast to multiproperty resorts, VIVLA provides true property ownership of private, luxurious family homes in coveted locations. Buyers can choose the extent of their ownership, ranging from ? to 1/4 . VIVLA takes care of all maintenance and management, providing a seamless experience through the VIVLA app for easy and equitable scheduling.

Overall, our main objective in VIVLA is to offer true property ownership, comprehensive management services, and the flexibility to choose how much you want to own.

If you find yourself uncertain about whether you're ready to embark on the co-ownership journey, rest assured that our team is here to assist you. We understand that shared ownership can be a significant decision, and we are dedicated to providing guidance and support every step of the way.